20 July 2012

Ghana: Parliament Commends China for Great Strides

Ghana's Parliament has commended China for her tremendous aid to emerging economies in general, particularly Ghana.

The open door policy initiative by the Chinese government has led to massive boost in trade, ranging between $120 and $160 billion between China and Ghana annually.

Project financing by China on the African continent has led to tremendous improvement in infrastructure, crucial to the development of every nation, according to a statement signed by Kate Addo, Deputy Director of the Public Affairs Department of the office of Parliament.

Speaking at meetings in Beijing, First Deputy Speaker of Parliament, Hon. Edward Doe Adjaho, who led a six- member parliamentary delegation on a goodwill visit to China, lauded the leaders of the Standing Committee of the National Peoples' Congress (NPC) and the Chinese Peoples' Political Consultative Conference (CPPCC).

He specifically mentioned China's decision to support the Ghanaian economy with a three billion dollar loan, which he said would go a long way to improve various sectors of the economy and eventually raise the standard of living of Ghanaians.

He disclosed to the Chinese leaders that Ghana, through its Parliament, has approved all relevant documents, and thus urged the China government to ensure prompt disbursement of the funds.

Hon Adjaho took the chance to invite credible investors, assuring them that "an enabling investment climate exists in the country to protect foreign investors." He expressed Parliament's gratitude for the invitation.

The Chairman of CPPCC, His Excellency Jia Qinglin, also praised Ghana for its pace setting in governance and economic strides. He acknowledged the legislature as an important state agency, hence called for its strengthening "to meet the aspirations of the people".

While agreeing to the fact that many countries reckon China as the fastest growing economy globally, the country has not yet achieved its peak and therefore could not be complacent.

The Vice Chairman of the Standing Committee of the National People's Congress, H.E. Mr. Zhou Tienong, said China was ready to "enhance trade and other relations with looking forward countries such as Ghana". He admitted that both countries were faced with the "daunting task of developing their economies, which calls for closer collaboration." He also urged Ghana to continue to operate a fair and transparent government.

The six-member delegation which has since returned home included Deputy Majority Leader, Hon Rasheed Pelpuo and MP for New Abirem, Hon. Esther Obeng Dapaah.

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